PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lowered by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,461 shares of the company’s stock after selling 802 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in PepsiCo were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after acquiring an additional 42,831,405 shares in the last quarter. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $2,519,707,000. Morgan Stanley increased its holdings in PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after buying an additional 4,629,947 shares during the last quarter. Comerica Bank bought a new position in PepsiCo during the second quarter valued at approximately $360,472,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in PepsiCo in the third quarter worth approximately $329,179,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $1.44 during mid-day trading on Thursday, reaching $175.01. 5,710,410 shares of the stock were exchanged, compared to its average volume of 5,942,093. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. The firm has a 50-day simple moving average of $168.10 and a 200 day simple moving average of $167.99. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. PepsiCo’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, February 29th. PepsiCo’s payout ratio is presently 77.02%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PEP. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.77.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.